Lbp Am Sa Reduces Stock Position in Union Pacific Corporation $UNP

Key Points

• Lbp Am Sa has reduced its stake in Union Pacific Corporation by 15.1%, now holding 104,821 shares valued at approximately $24.1 million.
• Analysts have mixed sentiments regarding Union Pacific, with one Strong Buy, fifteen Buy, and ten Hold ratings, and consensus price targets ranging between $215.00 and $286.00.
• Union Pacific recently increased its quarterly dividend to $1.38 per share, reflecting an annualized dividend yield of 2.3%.

Lbp Am Sa lessened its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,821 shares of the railroad operator's stock after selling 18,611 shares during the quarter. Lbp Am Sa's holdings in Union Pacific were worth $24,117,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Columbia Asset Management grew its stake in Union Pacific by 3.1% during the 2nd quarter. Columbia Asset Management now owns 23,296 shares of the railroad operator's stock valued at $5,360,000 after purchasing an additional 690 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Union Pacific by 0.7% in the second quarter. Truist Financial Corp now owns 974,913 shares of the railroad operator's stock worth $224,308,000 after buying an additional 6,852 shares during the last quarter. Broadway Wealth Solutions Inc. boosted its stake in shares of Union Pacific by 5.7% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,209 shares of the railroad operator's stock worth $278,000 after buying an additional 65 shares during the last quarter. Parkside Investments LLC boosted its stake in shares of Union Pacific by 0.9% in the second quarter. Parkside Investments LLC now owns 48,273 shares of the railroad operator's stock worth $11,077,000 after buying an additional 441 shares during the last quarter. Finally, Chicago Capital LLC boosted its stake in shares of Union Pacific by 5.4% in the second quarter. Chicago Capital LLC now owns 11,696 shares of the railroad operator's stock worth $2,691,000 after buying an additional 603 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada upped their target price on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Sanford C. Bernstein upped their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, UBS Group upped their price target on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.00.

Union Pacific Stock Performance

NYSE UNP opened at $236.40 on Wednesday. The stock has a 50-day moving average of $223.07 and a 200 day moving average of $224.54. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The stock has a market capitalization of $140.19 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.46 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The business's revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific's payout ratio is currently 47.96%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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